Avataar Venture Partners led a $38m funding round in Lambdatest.

Avataar Venture Partners, a growth-equity investment firm focused on investments in high growth technology and technology-enabled B2B companies, led a $38m funding round in Lambdatest, with participation from Qualcomm Ventures, the global corporate venture arm of Qualcomm. “KaneAI is more than a tool - it’s a transformative approach to QA, empowering teams to test smarter and faster, with less manual effort. Our foundation in LambdaTest’s cloud-based platform gives us an edge in delivering this solution at scale, and we’re thrilled to have the support of Avataar Ventures and Qualcomm Ventures as we reshape the future of QA. We also thank Avendus for their continued support and commitment throughout the process,” Asad Khan, LambdaTest CEO & Co-Founder.